Finance Committee Minutes
Tolland Finance Committee
Minutes
Meeting Type: Regular via Teleconference
Meeting Date: Thursday May 14, 2020
Meeting Time: 5:00PMPM
Meeting Location: Remote via Teleconference at 1 978-990-500, ID 539192 #
ORDER of BUSINESS:
Call to Order - The meeting was called to order at 5:06 PM
Attendance/Participating – Cathy Parzych, Mira Munson, Pat Storey; Absent – Ted Locke, Margaret McClellan
Old Business-
Capital Planning – We decided on the following schedule to review and revise, as needed, via teleconferencing the By laws and Policies that the state has recommended we adopt:
May 21 at 4 PM – Annual Budget Bylaw and Capital Improvement Program Bylaw.
May 28 at 4 PM – Capital Planning Policy, Financial Reserves Policy
June 4 at 4 PM – Debt Affordability Policy, Debt Management Policy
June 11 at 4 PM – The Spread sheet containing the following tabs: Budget / Capital Calendar, Capital Improvement Plan, Asset and Fleet Inventory, Facilities Inventory, Road Inventory, Financial Target Worksheet. (This will take more than one session and have to involve the fire and police chiefs as well as the DPW Supt.)
It was also decided that this schedule can change if teleconferencing just proves too difficult. Hopefully in June we may be able to meet face to face.
New Business
None
A motion was made and passed to adjourn at 5:33 PM
Respectfully Submitted
Pat Storey
Approved by Remote vote on May 21, 2020. For: Mira Munson, Pat Storey. Abstaining: Ted Locke